AutoNation rises after Q3 results beat estimates

AutoNation

27/10/2023 13:38

** Shares of auto retailer AutoNation  AN.N  gain 4.3% to
$136 premarket after Q3 results beat estimates 
    ** Co reports Q3 revenue of $6.89 bln, beating analysts'
estimate of $6.71 bln - LSEG data
    ** Posts adj. earnings of $5.54/shr, compared to estimated
$5.49/shr
    ** Co saw double-digit YoY growth in new vehicle sales,
sequential growth in used vehicle sales - CEO Mike Manley
    ** Co's peers Sonic Automotive  SAH.N  and Lear Corp  LEA.N 
also beat Wall-Street estimates after Q3 results on Tuesday 
    ** Until last close, stock up 21.6% YTD, outperforming the
S&P 400 Automotive Retail index, that has risen 14.8%
year-to-date 

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))